Community post
Is steemit having trouble?
Recently I have noticed huge price drops in steem and sbd which isn't really a bad thing in the short term but it has me wondering. Is steemit actually in trouble? I hear that they are banning crypto advertising and hopefully that doesn't apply to us considering this is a blog and not just a cryptocurrency. I guess we will wait and see what happens over the next 2 years. Personally I have some reason for concern but I guess there is nothing I can really do about it other then blog more. DO you personally have any feelings on this drop in price? Or is it not a big deal for you.
Replies (5)
It's an expected drop and will bounce back past $2.40 by 420.
The short answer is "probably not". Steem, a year ago, was worth less than one cent. What you see now is an inevitable dip in what has so far been explosive exponential growth. A lot of heat is coming onto crypto, and the hype is being corrected by things like taxes, so this is causing a major sell-off. I think we'll begin to see things move in the opposite direction before June.
That would be nice to see.
Actual reason behind this fall is the dip in Bitcoin. Recent scams and Mt Gox scandal has caused all this turbulence...
Yes, I notice that Steem is dropped as the payout keep on decreasing. Most likely is influence by Bitcon, perhaps.